💡The US Dollar refused to be defeated in a long and challenging week for retail traders with no room to go than adding long dollars against the Euro, Pound, and Canadian dollar. Gold faced a ‘punched in the face’ after clocking $1303 level and initiated a pullback below $1280 level. Before Week 20 in 2019 begins, we can only ask ourselves one question: What should we all do if the Dollar Index (DXY) breaks to the upside and prints a new high?
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📄Ross Mullins | Trading Guidelines
📌Historical levels tend to repeat as markets have memory. The smart money always leaves the necessary evidence to see where key decisions were taken. Avoid challenging those with more experience in the game.
📌Low Risk/High Reward opportunities are the name of the game. It is imperative to apply ‘position sizing’ and ‘risk management’ techniques in every trade.
📌One makes money in the markets when buying happens at the lows or selling at the highs. If you keep buying any asset at its high or selling at the lowest low, then becoming profitable is challenging.
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